REI Lense

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$5,229 (target)

38 Nicholas Ln, Lancaster, NY 14086

3 beds • 2 baths • 2071 sqft

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This property looks like a bad Mid-Term investment with a projected -5.37% first-year return on $142k initial cash invested.

-5.37%

Cash On Cash

5.13%

Cap Rate

0.86

DSCR

$5,229

Rent

-$635

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,229 income − $5,864 expenses = $635 out of pocket

Income$5,229Out of Pocket$635Mortgage P&I$2,95156%Property Taxes$92618%Insurance$2104%Management$62712%CapEx$2094%Vacancy$1573%Maintenance$2094%Other$57511%

Investment Breakdown

|

Purchase Price

$591k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$118k

Closing costs

1%

$5,905

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,229

Total Expenses

$5,864

Mortgage P&I

56%

$2,951

Property Taxes

18%

$926

Home Insurance

4%

$210

HOA

0%

$0

Property Management

12%

$627

CapEx

4%

$209

Vacancy

3%

$157

Maintenance

4%

$209

Other

11%

$575

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